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by Marzio Quaglino 03 August 2020 The index of purchasing managers, the SME, is the main theme on the markets today. After the very heavy data on the Gross Domestic Product of the past week, which photograph the past, indications are expected on future economic trends. In Europe, starting in no particular order with Milan in decline (-0.44%) as well as London (-0.57%) and Paris (-0.19%), while Frankfurt (+ 0.47%) rises.  
Banking in Piazza Affari with Ubi (+ 2.35%), on the day of its perhaps last half-yearly, while in the queue there is Mediobanca which sells 2.30%.
The signs of uncertainty about the economic outlook find outlet in the gold which has marked a new historical high of 1,988 dollars an ounce and then fall back to the current share of 1,973.
On the currency, the weakness of the Dollar is confirmed, which pushes the Euro to the exchange rate of 1.1764.